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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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285 Obst Rd , Bulverde, TX 78163
$4,400,000
Est. Payment: $22,566.88/mo
3 Bed
2 Bath
1846 Sqft
Status: active | Days on site: 12
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Jeannette Spinelli
Broker Associate & Founder

House Description

A rare opportunity to own 98-plus acres in the fast-growing area just north of San Antonio and Stone Oak, combining a turnkey equestrian operation, income-producing potential, extensive infrastructure, and the freedom of unrestricted land. Ideally positioned at the gateway to the Texas Hill Country, with convenient access to multiple highways, this property sits outside city limits with no HOA and an agricultural exemption. Even more compelling, at least 16 new residential communities are being developed. This brings continued growth, visibility, and an expanding customer base to the surrounding area. Currently home to a well-established boarding and training business operating since 2016, the property can accommodate approximately 40 horses with room to expand toward 60. Equestrian improvements include a 4,000 sq ft barn with tack, feed, wash, and bathroom facilities; 11 pipe-fenced horse pastures with expansion potential to 22; regulation-size grass dressage arena; barrel/pole arena; grass training areas with jumps; half-mile gallop path; round pen; riding trails; open training grounds; wash areas; hot walker; and extensive cross-fencing. This is not land waiting to become an equestrian property; it is an established operation ready to use and grow. Infrastructure is equally remarkable: five wells, five septic systems, power established at both the front and back of the property, cable, a large hay barn/workshop with three vehicle bays, carports, an RV cover with power and sewer hookups, storage buildings, and a gated entrance. Multiple structures include a two-bedroom ranch house, an inviting three-bedroom home, two cabins, an office trailer, and multiple storage buildings. An existing three-acre lease at the back of the property provides an additional immediate income stream, further demonstrating the property's potential for multiple revenue sources. The property is designed for work and enjoyment. An in-ground pool, outdoor pavilion with men's and women's restrooms, gathering spaces, approximately three-acre pond, and Cibolo Creek frontage create a distinctive Hill Country setting for entertaining, clinics, events, retreats, and recreation. Perhaps the greatest value is flexibility: continue and expand the existing equestrian business, create a private horse estate, develop a training or breeding facility, explore hospitality or retreat uses, generate multiple income streams, or create something new in the fastest-growing corridor in South Texas. Nearby destinations, including Tejas Rodeo, Specht's Store, and Downtown Bulverde, add to the property's appeal and traffic. Properties of this size this close to San Antonio are increasingly difficult to find, especially with this level of water, utilities, improvements, and infrastructure in place with development. This is more than a ranch or horse property; it is a platform for the next owner's vision.

Highlights

Listed by Bradley Graves , (210) 379-8165 Coldwell Banker D'Ann Harper, REALTOR , (210) 379-8165. LERA MLS - Local Expertise Regional Access mls logo

Property Type

Farm/Ranch

Lot/Acreage
98.29

County

Comal

Area

2601

School District

Comal

Listing ID

2008436

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Water:Well

Exterior Features

Lot:Street Paved
Others:
  • Additional:Siding
Sewer:Private Well,Septic
Principal Interest
$22,567
Taxes
$766

Home Price

$4,400,000

Loan Details

30 yrs
6.637%

Down Payment

20%
$880,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$22,566.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,566.88 $766.17 $0.00 $23,333.05
Yearly $270,802.59 $9,194.00 $0.00 $279,996.59
Total $8,124,077.72 $275,820.00 $0.00 $8,399,897.72

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Bulverde, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

IDX service by Blueroof 360

Data last updated: 2026-09-03T03:14:13.000Z

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